Sigma Investment Counselors Inc. boosted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,781 shares of the real estate investment trust’s stock after buying an additional 2,616 shares during the period. Sigma Investment Counselors Inc.’s holdings in Weyerhaeuser were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Weyerhaeuser by 12.4% during the second quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock valued at $2,837,219,000 after buying an additional 11,845,982 shares during the period. Northern Trust Corp increased its position in Weyerhaeuser by 1.0% in the 2nd quarter. Northern Trust Corp now owns 10,871,188 shares of the real estate investment trust’s stock worth $286,347,000 after purchasing an additional 104,432 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Weyerhaeuser in the 2nd quarter worth about $197,323,000. Pictet Asset Management Ltd. increased its position in Weyerhaeuser by 6.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,289,462 shares of the real estate investment trust’s stock worth $112,984,000 after purchasing an additional 252,350 shares during the last quarter. Finally, Morgan Stanley increased its position in Weyerhaeuser by 4.5% in the 2nd quarter. Morgan Stanley now owns 4,280,269 shares of the real estate investment trust’s stock worth $112,742,000 after purchasing an additional 183,558 shares during the last quarter. 76.95% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on WY shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. BMO Capital Markets set a $32.00 target price on Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, ValuEngine raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.67.

Shares of Weyerhaeuser stock traded up $0.26 during midday trading on Friday, hitting $28.28. 3,454,845 shares of the company were exchanged, compared to its average volume of 2,859,621. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.39 and a quick ratio of 1.04. The firm has a market cap of $20.87 billion, a P/E ratio of 23.97, a PEG ratio of 10.43 and a beta of 1.67. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $29.23. The firm has a 50 day simple moving average of $27.20 and a 200-day simple moving average of $25.89.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. Weyerhaeuser’s revenue was down 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Equities research analysts expect that Weyerhaeuser Co will post 0.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 4.81%. Weyerhaeuser’s dividend payout ratio is 115.25%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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